Page:United States Statutes at Large Volume 84 Part 1.djvu/1074

 1016

62 Stat. 711.

62 Stat. 7 29.

gj6 2 stat^^733;

73 Stat. 6 28. 12 USC 1751.

70 sta\^'*7H°'

PUBLIC LAW 91-468-OCT. 19, 1970

[84 STAT.

low-income members (as defined by the Administrator), such terms (when referring to the account of a nonmember served by such credit union) mean a share, share certificate, or share deposit account of such nonmember which is of a type approved by the Administrator and evidences money or its equivalent received or held by such credit union in the usual course of business and for which it has given or is obligated to give credit to the account of such nonmember; "(5) The terms 'State credit union' and 'State-chartered credit union' mean a credit union organized and operated according to the laws of any State, the District of Columbia, the several territories and possessions of the United States^ the Panama Canal Zone, or the Commonwealth of Puerto Rico, which laws provide for the organization of credit unions similar in principle and objectives to Federal credit unions; "(6) The term 'insured credit union' means any credit union the member accounts of which are insured in accordance with the provisions of title II of this Act, and the term 'noninsured credit union' means any credit union the member accounts of which are not so insured; " (7) The term 'Fund' means the National Credit Union Share Insurance F u n d; and "(8) The term 'branch' includes any branch credit union, branch office, branch agency, additional office, or any branch place of business located in any State of the United States, the District of Columbia, the several territories and possessions of the United States, the Panama Canal Zone, or the Commonwealth of Puerto Rico, at which member accounts are established or money lent." SEC. 3. Section 493 of title 18 of the United States Code (relating to bonds and obligations of certain lending agencies) is amended— (1) by inserting the words "National Credit Union Administration," following the words "Federal Deposit Insurance Corporation,"; and (2) by inserting the words "insured credit union," following the worcls "intermediate credit bank,". QEC. 4. Section 657 of title 18 of the United States Code (relating to lending, credit, and insurance institutions) is amended— (1) by inserting the words "National Credit Union Administration,'' following the words "Federal Deposit Insurance Corporation,"; and (2) by inserting the words "or by the Administrator of the National Credit Union Administration" following the words "Federal Savings and Loan Insurance Corporation". gj,c. 5. Section 709 of title 18 of the United States Code (relating to false advertising and misuses of names to indicate a Federal agency) is amended by adding after the third paragraph thereof the following paragraph: "Whoever falsely advertises or otherwise represents by any device whatsoever that his or its deposit liabilities, obligations, certificates, or ^ a r e s are insured under the Federal Credit Union Act or by the United States or any instrumentality thereof, or, being an insured credit union as defined in that Act falsely advertises or otherwise represents by any device whatsoever the extent to which or the manner in which shareholdings in such credit union are insured under such Act; or". SEC. 6. Section 1006 of title 18 of the United States Code (relating to false entries in reports and transactions of Federal credit institutions) is amended— (1) by inserting the words "National Credit Union Administration," following the words "Federal Deposit Insurance Corporation,"; and

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